Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 9....
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 5. An agency formed by making a written or oral agreement which clearly defines the scope of the relationship is known as an 6. ( True False) An agency formed by implication through the conduct of the parties is known as an Agency by estoppel 7. (True False) Agency by implied authority can conflict with any express authority. 8. An agency in which an individual...
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 1. The relationship between a principal and an agent is generally known as an 2. A person who has a legal to duty to act with trust and confidence for another person's benefit is known as a 3. (True False) Agency relationships can be created only for a lawful purpose and almost anyone can serve as an agent. 4. A document giving an agent authority...
Business Law II Ch. 34 - Liability to Third Parties Professor Shane J. Egan Name Date I. A is a specific form of express authority, usually in writing, granting an agent specific powers. 2. A grants the agent express authority over specifically outlined acts. allows 3. A the agent to conduct all business for the principal. 4. (True/False) Powers of attorney always terminate on the principal's death. 5. The principal must be classified as either: 6. This term is given...